UBP partners with Shanghai manager, sets up local presence
Union Bancaire Privée, the Swiss private bank, has established a new company – UBP Investment Management (Shanghai) Limited – which will be led by Hong Chen, until recently CIO of HFT Investment Management.
Chen, whose title at the new UBP business will also be CIO, is to oversee the development of services offering access to Chinese equity and fixed income investment solutions for both domestic and international investors. He has over 15 years of experience managing Chinese equities.
Nicolas Faller, CEO of UBP’s Institutional Clients division, said: “We are delighted to announce the creation of this new company, which reflects our ability to partner with the best asset managers in order to deliver high-quality investment solutions to our clients. Hong Chen has found in UBP a solid international business partner and we are convinced that, in turn, our global network of clients will benefit greatly from his in-depth expertise.”